Authorities in the Republic of Moldova will exchange data with other countries to verify declarations of assets. In this way, it will be possible to identify officials who buy real estate abroad, hold businesses or bank accounts with foreign financial institutions that they do not indicate in their declaration of wealth and personal interests, IPN reports.

The Parliament ratified in first reading the International Treaty on the Exchange of Data for the Verification of Declarations of Assets. The Treaty is an instrument developed under the auspices of the Regional Anti-Corruption Initiative.

The main aim of the Treaty is to prevent and combat corruption by detecting abuses and strengthening the integrity of public officials. The authority responsible for implementing the treaty has been designated as the National Integrity Authority, which will provide the requested information upon request.

According to the legislation, persons holding public office or public dignity, heads of public organizations and their deputies, chairmen and vice-chairmen of political parties, etc. are obliged to file annual declarations of personal wealth and interests.

The draft is also to be voted by Parliament in second reading.